Ever so close!
As indicated in the previous post, "B" vs "b" is the difference between a full Byte or a bit of which there are 8 of in a byte.
Meg and Kiglo refer to size. For example I can send one meg-abyte od parallel data to the high speed parallel port of a printer (1,024,000 bytes).
I can send one kilo bits per second to my serially connected printer, (1,024) bits.
You an also use Meg to describe the data transfer rate of you basic network, for example ten Mega bits per second.
Bit iws the smallest unit of data. Byte is the description of the collection of 8 bits.
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